Wednesday, November 4, 2009

Billionaire Michael Bloomberg won a third term as New York mayor Tuesday in a closer-than-expected race against a Democratic challenger who stoked voter resentment over the way Bloomberg changed term-limits law so he could stay in office.

With 99% of precincts reporting, Bloomberg, the richest man in New York, defeated William Thompson Jr. 51% to 46%. His margin of victory was far smaller than the nearly 20-point blowout he pulled off in 2005.